by Sunday | Mar 19 | Accounting WAEC
A. Goods bought and paid only B. Goods bought for resale only C. Goods bought on credit only D. Goods bought to be used in the firm Correct Answer: Option B B. Goods bought for resale only Explanation Purchases are goods or stocks bought for the purpose of...
by Sunday | Mar 19 | Accounting WAEC
A. Materiality concept B. Dual aspect concept C. Matching concept D. Money measurement concept Correct Answer: Option B B. Dual aspect concept Explanation Dual Aspect Concept: also known as Duality Principle, is a fundamental convention of accounting that necessitates...
by Sunday | Mar 19 | Accounting WAEC
A. Discounts allowed B. Provision for depreciation C. Carriage outwards D. Allowance for doubtful debts Correct Answer: Option C C. Carriage outwards Explanation Carriage refers to the cost of transporting goods into a business from a supplier, as well as the cost of...
by Sunday | Mar 19 | Accounting WAEC
A. Bank statement and credit transfers B. Cash book and bank transfers C. Bank statement and cash transfers D. Cash book and bank statement Correct Answer: Option D D. Cash book and bank statement Explanation A bank reconciliation is used to compare your records to...
by Sunday | Mar 19 | Accounting WAEC
A. GH¢ 590,000 B. GH¢ 590,000 0verdrawn C. GH¢ 210,000 D. GH¢ 210,000 Overdrawn Correct Answer: Option C C. GH¢ 210,000 Explanation An overdraft is a deficit in a bank account caused by drawing more money than the account holds. The bank will deduct the deficit...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.